Cheesecake Factory: Love It
Valentine’s Day isn’t complete with out a romantic dinner and — for those who don’t want to opt for a homemade dish and bottle of wine — Cheesecake Factory (NASDAQ:CAKE) is a popular destination.
Cheesecake Factory has a nice little niche in the restaurant world. Well, maybe not little — the cheesecake list alone is mesmerizing, and the menu has more listings than a dictionary. Plus, it’s the perfect mix of being a relatively upscale eatery — unlike Darden Restaurants‘ (NYSE:DRI) Olive Garden or Red Lobster or Ruby Tuesday (NYSE:RT) — but still reasonably priced enough for the middle-of-the-road Americans.
Thus, we have a romantic stock that is worth getting starry-eyed over. The chain is looking good thanks to 11 straight quarters of revenue growth and solid 12% gains in the past year. With expectations for 16% and 12% earnings growth for the next two years, respectively, Cheesecake Factory might not be a stud, but it still looks pretty good.
CAKE reports earnings on Feb. 20.
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